People with life insurance could enable their dependents to benefit from a payout if they were to pass away, it has been suggested.
According to a Money Hospital blog, it is essential that people's families are provided for should the worst happen.
The blog stated: "Needless to say, if you've got dependents who rely on your wage, a payout on your death is absolutely essential."
Meanwhile, the cost of staging a funeral might also be eased somewhat with the help of life insurance payouts, the article went on to highlight.
The blog pointed out that the large sums of money that are currently required to pay for funerals could mean that life insurance is a good option for consumers who do not have any dependents.
Figures published by Confused.com have this week revealed that as many as 60 per cent of the country's residents do not have any life insurance.